Pure Storage price target raised to $45 from $37 at Wells Fargo

Wells Fargo analyst Aaron Rakers raised the firm’s price target on Pure Storage to $45 from $37 and keeps an Overweight rating on the shares. Pure’s //Accelerate 2023 event reinforced the firm’s positive view on the company’s architectural differentiation and roadmap progression as well as potential opportunities in hyperscale cloud, the analyst tells investors in a research note.